KLIC Long Put Strategy
KLIC (Kulicke and Soffa Industries, Inc.), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
Kulicke and Soffa Industries, Inc. designs, manufactures, and sells capital equipment and tools used to assemble semiconductor devices. It operates through two segments, Capital Equipment, and Aftermarket Products and Services (APS). The company manufactures and sells advanced displays; die-transfer, flip-chip, and TCB advanced packaging products; ball bonder, die-attach, electronics assembly, lithography, wafer-level bonder, and wedge bonder products; consumables, such as capillaries, dicing blades, and wedge bonds; and auto offline programming, KNet PLUS, and new product introduction/manufacturing execution system software products. It also services, maintains, repairs, and upgrades equipment. The company serves semiconductor device manufacturers, integrated device manufacturers, outsourced semiconductor assembly and test providers, other electronics manufacturers, industrial manufacturers, and automotive electronics suppliers primarily in the United States and the Asia/Pacific region. Kulicke and Soffa Industries, Inc. was founded in 1951 and is headquartered in Singapore.
KLIC (Kulicke and Soffa Industries, Inc.) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $5.46B, a trailing P/E of 99.13, a beta of 1.67 versus the broader market, a 52-week range of 31.21-107.01, average daily share volume of 678K, a public-listing history dating back to 1958, approximately 3K full-time employees. These structural characteristics shape how KLIC stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.67 indicates KLIC has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 99.13 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. KLIC pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a long put on KLIC?
A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.
Current KLIC snapshot
As of May 15, 2026, spot at $101.81, ATM IV 61.90%, IV rank 49.05%, expected move 17.75%. The long put on KLIC below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 63-day expiry.
Why this long put structure on KLIC specifically: KLIC IV at 61.90% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 17.75% (roughly $18.07 on the underlying). The 63-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated KLIC expiries trade a higher absolute premium for lower per-day decay. Position sizing on KLIC should anchor to the underlying notional of $101.81 per share and to the trader's directional view on KLIC stock.
KLIC long put setup
The KLIC long put below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With KLIC near $101.81, the first option leg uses a $100.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed KLIC chain at a 63-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 KLIC shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Put | $100.00 | $9.20 |
KLIC long put risk and reward
- Net Premium / Debit
- -$920.00
- Max Profit (per contract)
- $9,079.00
- Max Loss (per contract)
- -$920.00
- Breakeven(s)
- $90.80
- Risk / Reward Ratio
- 9.868
Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.
KLIC long put payoff curve
Modeled P&L at expiration across a range of underlying prices for the long put on KLIC. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | +$9,079.00 |
| $22.52 | -77.9% | +$6,828.04 |
| $45.03 | -55.8% | +$4,577.07 |
| $67.54 | -33.7% | +$2,326.11 |
| $90.05 | -11.6% | +$75.14 |
| $112.56 | +10.6% | -$920.00 |
| $135.07 | +32.7% | -$920.00 |
| $157.58 | +54.8% | -$920.00 |
| $180.09 | +76.9% | -$920.00 |
| $202.60 | +99.0% | -$920.00 |
When traders use long put on KLIC
Long puts on KLIC hedge an existing long KLIC stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KLIC exposure being hedged.
KLIC thesis for this long put
The market-implied 1-standard-deviation range for KLIC extends from approximately $83.74 on the downside to $119.88 on the upside. A KLIC long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long KLIC position with one put per 100 shares held. Current KLIC IV rank near 49.05% is mid-range against its 1-year distribution, so the IV signal is neutral; the long put thesis on KLIC should anchor more to the directional view and the expected-move geometry. As a Technology name, KLIC options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to KLIC-specific events.
KLIC long put positions are structurally bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. KLIC positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move KLIC alongside the broader basket even when KLIC-specific fundamentals are unchanged. Long-premium structures like a long put on KLIC are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current KLIC chain quotes before placing a trade.
Frequently asked questions
- What is a long put on KLIC?
- A long put on KLIC is the long put strategy applied to KLIC (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With KLIC stock trading near $101.81, the strikes shown on this page are snapped to the nearest listed KLIC chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are KLIC long put max profit and max loss calculated?
- Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the KLIC long put priced from the end-of-day chain at a 30-day expiry (ATM IV 61.90%), the computed maximum profit is $9,079.00 per contract and the computed maximum loss is -$920.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a KLIC long put?
- The breakeven for the KLIC long put priced on this page is roughly $90.80 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current KLIC market-implied 1-standard-deviation expected move is approximately 17.75%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a long put on KLIC?
- Long puts on KLIC hedge an existing long KLIC stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying KLIC exposure being hedged.
- How does current KLIC implied volatility affect this long put?
- KLIC ATM IV is at 61.90% with IV rank near 49.05%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.